Mercedes-Benz Maker Daimler to Pay Nearly $3 Billion to Settle U.S. Diesel Claims August 14, 2020 By David Shepardson and Emma Thomasson Daimler said on Thursday it has reached agreements costing nearly $3 billion to settle civil investigations by U.S. regulators and...
Calif. Court Rules Amazon Liable Like Other Retailers for Defective Products August 14, 2020 By Lisa Baertlein Amazon.com can be held liable like other traditional retailers for injuries from defective products sold via its sprawling e-commerce marketplace,...
Justice Department Alleges Yale Illegally Discriminates Against Asians, Whites August 14, 2020 By Jan Wolfe and Eric Beech The U.S. Justice Department on Thursday accused Yale University of illegally discriminating against Asian American and white applicants in its...
Explainer: Assessing Liabilities from Massive Mauritius Oil Spill August 14, 2020 A Japanese bulk carrier struck a coral reef off the Indian Ocean island nation of Mauritius on July 25, spilling...
Marsh Promotes Leney to Risk Management Leader for Asia and Pacific Regions August 14, 2020 Marsh, the insurance broker and risk adviser, announced the appointment of Scott Leney as risk management leader for both its...
Middle East Insurers Likely to Absorb Bulk of Losses from Beirut Port Blast: Sources August 14, 2020 By Jonathan Saul and Carolyn Cohn Insurers in the Middle East are expected to absorb a large part of the losses from Beirut’s explosion last week...
Swiss Re Builds Risk Scoring System, Aiming to Reward Safe Cars with Lower Premiums August 14, 2020 By L.S. Howard A car owner should be able to pay lower insurance premiums for driving a car with safety features, such as...
Not Every Insurtech Is a Startup: How Swiss Re Delivers Tech Solutions August 14, 2020 By L.S. Howard It’s not just insurtech startups that have an edge on innovation. Some established reinsurers have developed their own analytics and...
Huron Capital’s High Street Acquires Michigan’s Capital Insurance Group August 14, 2020 High Street Insurance Partners (High Street), a portfolio company of the private equity firm Huron Capital, has acquired Capital Insurance...
Litchfield Special Risks Adds Harris as Underwriter in El Paso August 14, 2020 El Paso, Texas-based surplus lines managing general agent, Litchfield Special Risks Inc., has added Melissa Harris as a property/casualty underwriter....